Category: Opinions
USD/CAD: Trading the Canadian Ivey PMI Index
The Canadian Ivey PMI (Purchasing Managers’ Index) is an important leading indicator, based on a survey of purchasing managers from a range of sectors in the economy. As the PMI comes out at the beginning of each month, analysts and traders look closely at the index readings for any hint of a market trend. A reading
USD/CAD: Trading the Canadian Employment Change
The Canadian employment change is an important leading indicator which has a significant impact on the markets. Traders and analysts carefully scrutinize employment figures, and a reading higher than forecast could is bullish for the loonie. Here are the details and 5 possible outcomes for USD/CAD. Published on Friday at 12:00 GMT. Indicator Background Job creation is one of
Government Set To Weigh on Job Growth – Non-Farm Payrolls Preview
US Non-Farm Payrolls are expected to rise nicely in January, following the consistent trend of recent months. Nevertheless, there are quite a few reasons for worries, mostly coming from Washington. The US dollar has been under pressure since Bernanke’s recent softness. There is little chance that this trend will change. NFP Preview. The US gained
Far Eastern Trouble
The Chinese landing issue rose in Q4 2011. Chinese manufacturing PMI is flirting between contraction and growth, around the 50 point mark. We’ll start with China, but it’s not only the world’s No. 2 economy that is suffering. This analysis originally appeared in the Forex Outlook for Q1 2012. You can download the full report
EUR/USD: Trading the US Unemployment Claims
The US Unemployment Claims indicator is published weekly, and measures the number of people filing for unemployment for the first time. A reading which is higher than the market forecast is bearish for the dollar. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Thursday at 13:30 GMT. Indicator Background Unemployment claims
Arab Winter
The Arab Spring was one of the main news themes of 2011. The ousting of the regime in Tunisia triggered moves around the Arab world. Egypt’s Mubarak was overthrown in a matter of weeks. Uprisings began in Libya and ended successfully after a bloody civil war. The tensions there (and also in other countries) pushed
European Cliff Hanger – France
Europe’s second largest economy has multiple fronts. The economy is stuck, as seen in consumer spending. It’s perfect AAA status is all but gone. This immediately risks the AAA status of the EFSF bailout fund. In addition, France holds presidential elections in April. Expectations are for an ousting of incumbent Nicolas Sarkozy by socialist Francois
How might the closure of the Strait of Hormuz affect the forex markets?
Guest post by Elizabeth Goldman on behalf of Sunbird FX – all views and opinions expressed are her own and not of the company or ForexCrunch.com. As you will no doubt be aware, the Strait of Hormuz nestled in the Persian Gulf between UAE and Iran is a vital stretch of sea when it comes to oil
USD/JPY Starts A New Bearish Cycle – Elliott Wave Analysis
USD/JPY made some important breakout in the past sessions, when falling below 76.50 lows and also below red support line, connected from October 2011. In fact, decline is impulsive, so we think that wave E) already accomplished wave (X) triangle at 78.27 and that pair will now continue lower. Currently, wave 1 is in progress,
GBP/USD: Trading the British Manufacturing PMI
The British Manufacturing PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the manufacturing sector. Respondents are surveyed for their view of the economy and business conditions in the UK. A reading which is higher than the market forecast is bullish for the pound. Here are all the details, and 5 possible outcomes